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The pros of wallpaper include its durability and longer lifespan than paint, as well as its versatility. The durability can translate to lower long-term costs for upkeep and replacement, and the versatility means you have more options for customizing rooms in your home. Some downsides include that it’s difficult to remove, it’s not ideal for rooms or areas exposed to high moisture content or sun exposure, and it’s tricky to install. A professional wallpaper hanger can help mitigate these issues, though, by installing it properly and in areas suitable for wallpaper.

For the most part, peel-and-stick wallpaper doesn't damage walls. However, there may be some cases when damage does occur. For example, if you try to rip the paper off the wall, you may pull away some paint at the same time.

The walls can also be damaged if they aren't prepared properly before you add the wallpaper. For example, if the coat of paint is too fresh when you put the wallpaper on the walls, it can peel away as you remove the paper. 

Wallpaper lasts an average of around 15 years, but there is some variance. The type of wallpaper matters, as vinyl wallpaper tends to last the longest—sometimes 20 years or more—while a peel-and-stick wallpaper, which is the easiest to install for DIYers, will usually only last for around five years. Exposure to high humidity, smoke, and UV rays from sunlight can also limit the lifespan of your wallpaper, as can heavy traffic in the installation area.

There can be too much of a good thing when it comes to accent walls, so avoid creating one in every room in your house. Some rooms, like bathrooms and kitchens, don’t naturally lend themselves to accent walls, so it’s best to skip them there. Of course, your home should reflect your own sense of style, so if accent walls in multiple rooms appeal to you, there’s no hard-and-fast rule forbidding it.